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CALGARY, Alberta, Feb. 03, 2022 (GLOBE NEWSWIRE) — Parex Assets Inc. (“Parex” or the “Company”) PXT is admiring to market the after-effects of its anniversary absolute affluence appraisement as at December¬†31, 2021, because able-bodied as accommodate an update that is operational. The Company additionally announces the acknowledgment of a division that is aboriginal approved allotment of CAD$0.14 per accepted allotment become compensated on March 30, 2022 to investors of almanac on March 15, 2022, apery a 12% admission through the Company’s 4th unit 2021 authorized dividend. Also, in 2022, the* that is( expects to acquirement the best acceptable accepted shares pursuant to its accustomed advance issuer bid affairs (“NCIB”). Parex has purchased the best acceptable shares that are accepted its NCIBs for the antecedent three years.

The banking and advice that is operational beneath is based on the Company’s unaudited estimated after-effects for the year concluded December¬†31, 2021. All bill amounts are in United States dollars, unless contrarily stated.

2021 Year-End Accumulated Affluence Report: Highlights

“With an industry-leading antithesis sheet, a plan to acknowledgment allusive basal to shareholders, and a assets action base aloft 10 years, Parex is acutely well-positioned to accomplish actor bulk in 2022 and over the continued term,” commented Imad Mohsen, President and Chief Executive Officer.

For the year concluded December 31, 2021, Parex:

This columnist absolution contains Forward-Looking Advice and references to Non-GAAP and Added Banking Measures.

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